The Petz-Cobasi merger was approved without restrictions by the General Superintendency (SG), the technical area of the competition body, at the beginning of June this year
The institutes IPS Consumo and Caramelo presented a petition this Friday, 5th, against the merger between Petz and Cobasi, which is scheduled to be judged by the Administrative Council for Economic Defense (Cade) next Wednesday, 10th.
According to a note sent by the press office, the entities state in the petition that the merger of companies could generate a “dominant position in the market, increase prices, reduce options for consumers and potentially increase the abandonment of animals”, it says. Furthermore, they claim that the Petz-Cobasi merger increases the risk of neighborhood pet stores closing by 35%.
As shown by Broadcast, Grupo Estado’s real-time news system, the Petz-Cobasi merger was approved without restrictions by the General Superintendency (SG), the technical area of the competition body, at the beginning of June this year. Superintendent Alexandre Barreto assessed that the sector is very large, with many competitors, and it was identified that the merger would not represent a competitive problem that would require some type of remedy.
